Short Interest in Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) Drops By 7.5%

Calamos Dynamic Convertible and Income Fund (NASDAQ:CCD) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 269,500 shares, a decrease of 7.5% from the March 15th total of 291,300 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Calamos Dynamic Convertible and Income Fund by 2,243.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,466 shares of the company’s stock worth $396,000 after purchasing an additional 14,806 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Calamos Dynamic Convertible and Income Fund by 24.3% during the 1st quarter. NewEdge Advisors LLC now owns 14,335 shares of the company’s stock worth $368,000 after purchasing an additional 2,803 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Calamos Dynamic Convertible and Income Fund during the 1st quarter worth about $236,000. UBS Group AG lifted its holdings in Calamos Dynamic Convertible and Income Fund by 3.4% during the 1st quarter. UBS Group AG now owns 69,682 shares of the company’s stock worth $1,787,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Calamos Dynamic Convertible and Income Fund by 10.3% during the 1st quarter. Royal Bank of Canada now owns 137,145 shares of the company’s stock worth $3,518,000 after purchasing an additional 12,776 shares in the last quarter.

Calamos Dynamic Convertible and Income Fund Stock Down 0.4 %

NASDAQ:CCD traded down $0.09 during trading on Tuesday, reaching $20.73. The company’s stock had a trading volume of 65,731 shares, compared to its average volume of 103,503. The firm has a 50 day moving average of $21.59 and a 200-day moving average of $19.94. Calamos Dynamic Convertible and Income Fund has a 12 month low of $16.93 and a 12 month high of $24.68.

Calamos Dynamic Convertible and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $2.34 dividend on an annualized basis and a yield of 11.29%.

About Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.